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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 327,500

Est. payment -/mo

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Price Dropped by $10K

242 E Palmer 1 & 2 Detroit, MI 48202

3 Beds

2 Baths

1,984 SqFt

UPDATED:

10/18/2024 04:41 PM

Key Details

Property Type Condo

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 1,984 sqft

Price per Sqft $165

MLS Listing ID 81024039800

Style Ranch

Bedrooms 3

Full Baths 2

HOA Fees $570/mo

HOA Y/N yes

Originating Board Greater Metropolitan Association of REALTORS�

Year Built 1920

Annual Tax Amount $478

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 50 X 171

Property Description

Welcome to Midtown Art Center! Embrace the artsy side of Midtown, where you can walk to the Detroit Institute of Arts (DIA), Wayne State University, CCS, the public library, and the historical museum, while enjoying the tranquility of a true residential neighborhood. This original brick building blends Craftsman and Loft styles and features two garden-level condominiums, currently joined into one expansive living space. Easily revertible to two distinct units, this property offers flexibility and charm. Perfect for an artist's studio or a student investment property! Live in one unit and rent the other out! The main living area of the primary residence includes a welcoming living room, dining area, and a fully equipped kitchen. It features a large bedroom with a washer/dryer and a smallerbedroom used as a home office. A connecting entryway leads to the second unit with a versatile bonus room, currently an art studio with a kiln, plus a bedroom, bathroom, partial kitchen, and washer/dryer hookup. Enjoy easy access to shopping, dining, the Q-Line, and major freeways, along with the NEZ-homestead property tax abatement ensuring long-term financial advantages. Don't miss this chance to own a unique property in Midtown Art Center, offering modern convenience and urban living at its finest.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Direction Located on Palmer Between John R and Brush

Rooms

Kitchen Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer

Interior

Interior Features Laundry Facility

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Private Entry

Pool No

Waterfront no

Porch Patio

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Ranch

Level or Stories 1 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID 230020040997

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Howard Hanna Real Estate

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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